Which of the following statements is false?
A) An increase in wage rates causes producers to move up along the SRAS curve.
B) An increase in the price level causes producers to move up along the SRAS curve.
C) The short-run aggregate supply (SRAS) curve is upward sloping.
D) The long-run aggregate supply (LRAS) curve is vertical.
A
Economics
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The statement "The unemployment rate in the U.S. was 5 percent last month" is
a. a value judgment b. an economic opinion c. a normative statement d. a positive statement e. totally beyond anything that should be permitted by modern society
Economics
Which of the following groups have no promise of any payment from the corporate firm?
a. the banks who have loaned the company money b. the common stockholders c. the preferred stockholders d. the managers e. the bondholders
Economics